Monday, August 08, 2011

The Dow plunged 635 points, as President Obama blamed Miami Dolphins RB Reggie Bush for the country's economic mess and the recent credit sanctions from S&P.

For stat junkies, today was the 6th biggest market drop! The biggest drop since December 2008!

So, secular bear market since 2000 and all. Do you think the cyclical bull market that started in March 2009 is over?

Oil dropped 6% today after the downgrade, as consumers lined up at horse and buggy dealers to trade in their cars for something a little more retro, and a little more green.

Still cycling. Weight lifting has been a little rough in summer, with the new puppy and, well, cycling. Tried to change the routine but didn't like it, so back to the 4 days a week, which seems to take me 2 weeks to get through these days.

MGM posted a 2nd quarter profit. With bonds at near 0% rates, and stocks down huge lately, maybe the Wheel of Fortune slot machine is the safest place to put your money these days.

Warren Buffett basically said the S&P was full of crap, and that if there were an AAAA rating, the US should have that.

So the running line on Twitter is "You know what else Obama inherited from Bush? A 5.7% unemployment rate and a AAA rating!"

The Dow plunged 635 points, as President Obama blamed Miami Dolphins RB Reggie Bush for the country's economic mess and the recent credit sanctions from S&P.

For stat junkies, today was the 6th biggest market drop! The biggest drop since December 2008!

So, secular bear market since 2000 and all. Do you think the cyclical bull market that started in March 2009 is over?

Oil dropped 6% today after the downgrade, as consumers lined up at horse and buggy dealers to trade in their cars for something a little more retro, and a little more green.

Still cycling. Weight lifting has been a little rough in summer, with the new puppy and, well, cycling. Tried to change the routine but didn't like it, so back to the 4 days a week, which seems to take me 2 weeks to get through these days.

MGM posted a 2nd quarter profit. With bonds at near 0% rates, and stocks down huge lately, maybe the Wheel of Fortune slot machine is the safest place to put your money these days.

Warren Buffett basically said the S&P was full of crap, and that if there were an AAAA rating, the US should have that.

So the running line on Twitter is "You know what else Obama inherited from Bush? A 5.7% unemployment rate and a AAA rating!"